Shri Krishna Devcon has reappointed Sunil Kumar Jain as Managing Director and Naveen Kumar Jain as Executive Director for a three-year term. The board approved the appointments and remuneration during its meeting held on September 2, 2026.

The reappointments are subject to shareholder approval at the company's 32nd Annual General Meeting (AGM). The board also approved the annual report for the year ended March 31, 2026, along with other routine business matters.

Director Reappointments

Sunil Kumar Jain, a postgraduate in commerce with over 30 years of experience in real estate, will serve as Managing Director from November 1, 2026. He initiated the group's entry into real estate and has been associated with the company since 2007. He is the brother of Mukesh Kumar Jain and Naveen Kumar Jain.

Naveen Kumar Jain, a commerce graduate with over 20 years of experience in real estate, infrastructure, and retail, will continue as Executive Director from November 1, 2026. He has also been associated with the company since 2007.

AGM Schedule and Voting

The 32nd AGM is scheduled for Tuesday, September 29, 2026, at 4:30 pm via Video Conferencing or Other Audio-Visual Means. The register of members will remain closed from September 23, 2026, to September 29, 2026, inclusive.

Shareholders can cast votes through remote e-voting. The process begins at 9:00 am on Saturday, September 26, 2026, and ends at 5:00 pm on Monday, September 28, 2026. The cut-off date for e-voting entitlement is Tuesday, September 22, 2026. CS Balkrishan Pradhan of B. K. Pradhan & Associates has been appointed as the scrutinizer for the voting process.

Shri Krishna Devcon Limited reported a net profit of ₹140.67 lakh for the financial year ended March 31, 2026, a decrease from ₹159.43 lakh in the prior year. Total income for the period declined to ₹2,186.77 lakh from ₹2,743.49 lakh in FY25. The company's Board of Directors approved the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026, at its meeting held on May 30, 2026.

Financial Performance

For the quarter ended March 31, 2026, the company recorded a net profit of ₹38.98 lakh, compared to ₹79.33 lakh in the corresponding quarter of the previous year. Total income for the quarter stood at ₹639.04 lakh, down from ₹1,074.76 lakh in Q4 FY25. Basic earnings per share (EPS) for the year ended March 31, 2026, was reported at ₹1.63, compared to ₹1.76 in the previous year.

Standalone Results

The standalone financial results for FY26 showed a total expense of ₹1,590.45 lakh, lower than the ₹2,091.77 lakh recorded in FY25. Finance costs for the year amounted to ₹281.62 lakh, while depreciation and amortisation expenses were ₹22.24 lakh. The company's paid-up equity share capital remained unchanged at ₹2,800.00 lakh.

Consolidated Results

On a consolidated basis, the net profit for the year ended March 31, 2026, was ₹455.65 lakh, a decrease from ₹492.30 lakh in the previous year. Total consolidated income for the year was ₹2,186.77 lakh, compared to ₹2,743.49 lakh in FY25. The consolidated results include the financial information of four associate partnership firms: M/S Maa Shipra Enterprises, M/S Avani Buildcon, M/S Rose Builtech, and M/S Shri Krishna Buildcon.

Key Financial Metrics

The statutory auditor, Khandelwal & Khandelwal Associates, issued an unmodified opinion on the standalone and consolidated annual financial results. The cash and cash equivalents as of March 31, 2026, stood at ₹416.26 lakh, compared to ₹519.28 lakh in the previous year.